We have funds available for capital equipment and want to make sure we spend it wisely. We are having trouble deciding on whether we want another machine or perhaps some automation. How would you go about making this decision?
Miller’s Answer:
Not too long ago, this choice didn’t exist — or was at least much easier. If you had money at the end of the year for capital expenditures, the choice was another machine. Automation was expensive and cumbersome and only made sense for the highest volume manufacturers.
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